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again, everybody. i'm becky quick. here is what we know right now. the pace of private talks picking up speed as we now have just 20 days left. however, neither the white house nor house speaker boehner's office are giving any public indication that either side is yet prepared to give up real ground. on a road trip yesterday, president obama indicated that he is willing to compromise, just not on that point about an increase in tax for relthy americans. meantime, speaker boehner says he is still waiting on specific spending cuts. joining us now for analysis, tony fratto, of hamilton place strategies and former white house press secretary and gerald bernstein former economic adviser to vice president joe biden. gentlemen, thank you for being here with us and getting this special day of coverage kicked off for us. >> rising early and rising above. >> exactly. let's talk about this. jared, it seems like things have gotten quieter. do you think that's the case? is that a good sign? >> i think it's probably a pretty good sign. if you look at this morning's papers, you see a number of article
. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen. andrew ross sorkin is out today. he'll be back tomorrow. president obama and speaker boehner are not commenting about their meeting yesterday, but me members of the parties are continuing the public debate about taxes, spending and the fiscal cliff. republicans want a melt on xwiemtment and tax reform from the president. democrats insist this will not happen until the gop agrees on a tax hike. senator dick durbin saying no deal on the debt without a tax hike of the wealthy. >> i can't tell you, i don't want to do it, the president doesn't want to do it, but we need to solve the problem been we cannot allow the reckless position to drive this economy into another recession. >> some suggesting that it might be better to cave to the president now on taxes and keep up the fight on spending. >> if we were to pass, for instance, raising the top two rate and that's it, all of a sudden we do have the leverage of the debt ceiling and we haven't given that up. >> meantime, one influential voice says enough is enough. >>
morning with all of you. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. we are one step closer to the cliff and still no deal. you could say we've taken a huge step backwards at this point. we will be joined to talk about why plan b, that bill didn't make it to the house and what the next step is. coming at 6:40 eastern time, red hat has been red hot. that company reporting quarterly results and we have the ceo. at 7:00 a.m. eastern time, we will welcome our guest host, roger altman and barry knapp. we have thorsten heins joining us, as well. >> our big story of the morning, it could be a tense days for the markets as the resolution to the physical cliff appears less likely. we can see the futures opening at least 150 off if things keep up the way they are. house speaker john boehner failing to mount enough support for his plan b that would raise taxes only on families earning more than $1 million. the president vowing he will press ahead with congress to get a deal done. >> he wasn't going to do it, anyway. what does he mean it wi
morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. our guest host this hour is julia sed. fiscal cliff negotiations, our top story. now president obama is proposing leaving lower tax rates in place for everyone except those earning $400,000 and above. that's above the $250,000 threshold that the president has been demanding for months, but it is still far from speaker john boehner's request of $1 million. a source familiar with the talk says this is by no means the final offer for the white house. the move by the president was welcomed, albeit with some reservations. we will talk about the latest developments in just a few minutes. in the meantime, the global markets seem to be taking note of the optimism. you can see right now that those dow futures are up by 54 points. this comes after a decent rally for the markets yesterday. s&p futures at this point are up by better than seven points and the nasdaq futures up, as well, by about 17. european shares rising. germany is up, the ftse is up, the france, the cac in france h
in the household, payouts to dividends, acceleration into this year. >> becky and jim, who have been doing amazing work on capitol hill, did talk to grover norquist, a bit of a rematch after cramer's appearance a couple of weeks ago with grover norquist. >> obama personally moved it out two years, because he didn't want to raise taxes and damage the economy, because he said the economy was weak. the economy's not strong now. so the argument to raise taxes now is not any better than it was two years ago. i think there's a real danger we could end up with some damaging tax increases, and nothing to show for it. >> jim, quick reaction to that exchange between you and grover? >> there was a lot of positives here. grover wants to put cameras in the room. when i cover the florida legislature, how many years ago was that, they put cameras in the room. you know what happened, a lot of people started making a lot of sense. so i think that grover makes some good points, because you wouldn't get this kind of rancor. >> jim, good to have you down there. we need you down there today. we want to draw your atten
giant has said about the fiscal cliff in an exclusive interview telling becky quick that the impact of the fiscal cliff is already being felt in business planning for next year and 2014. >> even leading up to that, people becoming more conservative. that's had an impact on what the growth will be in '13 all things being equal and we're in danger if this strings out into '13 that you could have problems of what '14 would look like. >> by 2013 if negotiations get strung out, it will impact decision making and whether or not to build a plant or hire people or expand a division or not. >> which we have heard time and again from many of the leaders and many corporations whether they be financial or otherwise. it comes back to this world. certainty. lack of it. and we don't have a lot of certainty at this point. they still have to do business. not as though they won't come in on january 1st and go to work. they are. >> i was thinking, david, could there possibly be any m&a between now and year end? no. >> maybe a little. >> there will be some. you're less likely to make the big move. less
some folks lose their mipds. >> when is the next election, becky? >> four years. >> why does he need to pump up his base and go on the road? >> go to charlotte and say, fairness and then they run to try to beat the tax man, which is -- he is doing his job as a corporate executive. >> shame on them. i can't even talk about it anymore. >> joining our panel is msnbc contributor, ari melber. an author of the report about how the campaign tried to turn its grass roots network into a governing force in the president's first term. nice to have you with us. >> despite the drama that it is causing, the president is going directly to the folks. this is something they were criticized on between '08 and 2012. what's it going to look like now? is the president going to be able to use enter base? i think it depends on what they ask them to do. the report that i wrote interviewed dozens of ofa activists, talked to campaign staff and people on capitol hill in both parties. what i found was that they became basically a single issue group around health care, which was exciting to many people, a promis
is from michigan on the democratic line, becky. caller: i'm beginning i should think i ought to quit listening to c-span because i learn something new every day and my head is getting so full of stuff. host: we're glad you are learning something. we don't want your head to explode. caller: on this housing thing, i wonder if your guest -- if i could ask him a question on doing the re-- you know the government has made some of the banks change our loans. for instance, my husband lost his 30-year job and the only other job he could get was minimum wage, which was one- third of his previous income. and we still kept up with our house pavements, believe it or not, but we spent $20 short for two months in a row and we have threatened to take the house. so we have filled out all this have them read do it. they said we qualified and sent us all this paperwork and everything. then we get this guy's name that we are supposed to go through. if we have any problems. everything was fine for about a month. and then they started calling again. come to find out, this is chase bank, and there's three
an arc angel. >> i never saw it. >> stephanie: it is good. becky in indianapolis. hi, beck. >> caller: hey, second time i have gotten through. >> stephanie: the arc angel let you through. >> caller: i thank the arc angel. the caller earlier was talking about it was no big deal to get a 15 to $17 an hour job, i would love one of those. i was making $14 an hour, which was really good money back then. the next job i got was $11 an hour. now the new job i have got, i get $12 an hour and i work third shift. the company's president got a 5% raise. and i'm scheduled to get a half of a percent raise. >> stephanie: yeah. it depends on where you live. when we talk about a certain cost of living it is just different in a lot of place, but i hear ya. [♪ "world news tonight" theme ♪] >> stephanie: so we have been calling about the fiscal cliff claifen. the president yesterday. >> obama: i have said i will work with republicans on a plan for economic growth, job creation, and reducing our deficits, and that has some compromise between democrats and republicans. i understand t
there is going to start at 10:00 a.m. eastern time. futures are showing some resilience as becky said, despite no deal yet in congress. but remember, the sell-off on friday and friday night was pretty severe. the dow is set to open below 13,000. markets in europe mixed after a shortened session in the uk, france and spain. our road map starts right where we were months ago, waiting for the 112th congress to agree on a debt reduction package. the senate convenes at 11:00 a.m. >> the dow had its worst day in a month on friday. set to close december with a loss. the question is, does it continue to sell off if there isn't an accord in congress. >> we will always have china. manufacturing pmi data from last night is the best in 21 months. can we finally say the chinese economy has been stabilized. >> but of course, we start in washington. as you know, congress comes back today. the house gaveling into session now with legislative business starting at 10:00 a.m. the senate returns at 11:00 a.m. eastern. there are only a few hours left to get a deal done. eamon? >> you're already hearing people talk
of the problem than the problem itself. host: next caller is from michigan on the democratic line, becky. caller: i'm beginning i should think i ought to quit listening to c-span because i learn something new every day and my head is getting so full of stuff. host: we're glad you are learning something. we don't want your head to explode. caller: on this housing thing, i wonder if your guest -- if i could ask him a question on doing the re-- you know the government has made some of the banks change our loans. for instance, my husband lost his 30-year job and the only other job he could get was minimum wage, which was one-third of his previous income. and we still kept up with our house pavements, believe it or not, but we spent $20 short for two months in a row and we have threatened to take the house. so we have filled out all this stuff to have them read do it. they said we qualified and sent us all this paperwork and everything. then we get this guy's name that we are supposed to go through, if we have any problems. everything was fine for about a month. and then they started calling again. c
Search Results 0 to 10 of about 11